TRUMP ADMINISTRATION CONTINUES IRAN SANCTIONS WAIVERS, BUT SIGNALS DESIRE FOR CHANGES

Following the announcement of the new strategies on Iran in October 2017, on January 12, 2018, the Trump administration announced that it will continue to waive the application of certain nuclear sanctions under the Joint Comprehensive Plan of Action (“JCPOA”) as a “last chance.” In a statement, the President states that he intends to pursue a supplemental agreement with European allies of the US, and in the absence of such an agreement, the United States will ultimately withdraw from the JCPOA. Continue reading

Herbert Smith Freehills assists with first prevention of corruption clause in Olympic Games host city contract

Sylvia Schenk, a consultant in our Frankfurt disputes team, has worked with global anti-corruption NGO Transparency International to secure the first prevention of corruption clause in an Olympic Games host city’s contract. The International Olympic Committee (IOC) announced on 31 July that the 2028 games would go to Los Angeles. Although the contract must be ratified by the full IOC membership in September, the IOC has, for the first time, included an anti-corruption clause in the contract accepted by the city. The document includes mandates for nondiscrimination, protection of human rights and prevention of fraud or corruption “including by establishing and maintaining effective reporting and compliance.”

Sylvia advises clients on compliance, sports law, sustainability and human rights. She began seriously working against human rights abuses and corruption in global sports in 2006 after a career as a track athlete, including competing in the 1972 Olympic Games in Munich. For further details, see the article in Corporate Counsel.

US Senate approves Russia sanctions amendment

A bipartisan US Senate coalition has approved a wide-ranging package of new Russia-related sanctions as an amendment to the Countering Iran's Destabilizing Activities Act of 2017 ("S.722" or "Iran Sanctions Bill") currently pending before Congress. The changes contemplated by these provisions-dubbed-Countering Russian Influence in Europe and Eurasia Act of 2017 ("CRIEEA" or the "Amendment") would codify existing Russia-related sanctions and mandate congressional review of any attempts by the President to modify or terminate them.

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US state department extends Iran JCPOA waivers but emphasises Human Rights, missile issues

On May 17, 2017, the day on which the US State Department made its semi-annual report to Congress under the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA), the State Department announced that the current administration continues to waive sanctions as contemplated by the Joint Comprehensive Plan of Action (JCPOA). Nevertheless, the State Department report condemns Iran as having "compiled one of the world's most egregious records on human rights," and on the same day, the Treasury Department announced new sanctions related to Iran's ballistic missile program, outside of the JCPOA framework. Thus, the actions taken sent a mixed message about the new administration's intentions with respect to the US's Iranian sanctions program.

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